NASDAQ:BZ - Free Report ) by 49.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 353,341 shares of the company's stock after buying an additional 117,663 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Kanzhun worth $5,866,000 at the end of the most recent reporting period.
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Several other hedge funds have also added to or reduced their stakes in BZ. Vanguard Group Inc. increased its stake in shares of Kanzhun by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company's stock valued at $191,376,000 after acquiring an additional 216,558 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Kanzhun by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 5,728,132 shares of the company's stock valued at $86,896,000 after buying an additional 421,441 shares during the period. Bamco Inc. NY increased its position in Kanzhun by 23.5% in the 3rd quarter. Bamco Inc. NY now owns 3,050,770 shares of the company's stock valued at $46,280,000 after buying an additional 581,094 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Kanzhun by 7.9% in the third quarter. Canada Pension Plan Investment Board now owns 3,047,912 shares of the company's stock worth $46,237,000 after acquiring an additional 222,649 shares in the last quarter. Finally, E Fund Management Co. Ltd. grew its stake in Kanzhun by 1.3% in the third quarter. E Fund Management Co. Ltd. now owns 2,367,641 shares of the company's stock valued at $35,917,000 after acquiring an additional 30,771 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.
Kanzhun Stock Up 1.9 % BZ traded up $0.39 during midday trading on Friday, hitting $20.76. 3,386,406 shares of the company traded hands, compared to its average volume of 3,525,645. Kanzhun Limited has a 52 week low of $12.57 and a 52 week high of $21.32. The company's 50-day moving average is $18.79 and its 200 day moving average is $16.47. The firm has a market capitalization of $7.79 billion, a PE ratio of 61.73 and a beta of 0.50.
Kanzhun (NASDAQ:BZ - Get Free Report ) last announced its earnings results on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. The company had revenue of $222.57 million for the quarter, compared to analysts' expectations of $215.66 million. On average, sell-side analysts predict that Kanzhun Limited will post 0.42 earnings per share for the current fiscal year.
Analysts Set New Price Targets Several brokerages have weighed in on BZ. Macquarie upgraded Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. TheStreet raised shares of Kanzhun from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th. New Street Research upgraded Kanzhun from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $17.00 to $25.00 in a research note on Wednesday, March 13th. Finally, Barclays upped their price objective on Kanzhun from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.38.
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Kanzhun Profile (
Free Report )
Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.
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